Off Licence and Convenience Store in North London For Sale

Situated in a local shopping precinct, excellent trading position, residential area, NORTH LONDON

Turnover £ 7,000
Price £70,000

Features

off Licence with Convenience Groceries, Vapes and Confectionary and Pay Point

CUSTOMER CAR PARK

DOUBLE FRONTED PREMISES, in the region of 750 ft², WITH ELECTRIC SHUTTERS, CCTV 16 cameras, non slip industrial vinyl flooring, suspended ceiling with LED lighting.

Sales counter, touch screen cash regsiter, large display chiller, ice cream freezer, chest freezer, adjustable shelving, etc

2 Store rooms.

Staff cloakroom with toilet, wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. - £7,500 p.w. with a Gross profit of 20% approx.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 7 a.m. - 11 p.m.

Outside

Parking to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council landlord) granted for 10 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £10,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote